In today’s fast-paced business landscape, it’s imperative for organisations to stay ahead of the curve by empowering their employees with the latest skills and knowledge. As AI technologies continue to evolve at a rapid pace, the need for organisations to adapt and innovate has never been more pressing.
The Shift from Cost Centre to Growth Engine
Traditionally, learning and development have been viewed as a necessary expense, a cost centre that organisations must allocate a portion of their budget to. However, this perspective is undergoing a significant transformation. With the rise of AI, learning and development are no longer just an HR initiative, but a business strategy that can drive growth and competitiveness.
The Role of AI in Learning and Development
AI technologies such as GenAI, LLMOps, and Agentic AI are revolutionising the way we approach learning and development. These technologies enable organisations to scale learning without slowing down delivery, making it possible to equip talent with new-age skills that are in high demand. According to a recent study, 75% of employees believe that AI has the potential to improve their job performance.
The Urgency of Adapting to AI
The global AI market is expected to grow from USD 189 billion in 2023 to over USD 4.8 trillion by 2033, with the Indian AI market forecasted to reach USD 28.8 billion by 2025. In India alone, there is a projected need for nearly one million AI professionals by 2026. This presents a significant opportunity for organisations to upskill and reskill their workforce, but it also underscores the urgency of adapting to AI.
Conclusion
In conclusion, the role of AI in learning and development is no longer a topic of debate. As the global AI market continues to grow, organisations that fail to adapt and innovate will be left behind. By leveraging AI technologies such as GenAI, LLMOps, and Agentic AI, organisations can transform their learning and development strategy from a cost centre to a growth engine, empowering their employees to adapt and innovate in a rapidly changing business landscape.
To stay ahead of the curve, it’s essential to prioritise employee development and upskill your workforce with AI-powered learning solutions. At Tredence, we understand the importance of innovation and are committed to helping organisations like yours transform their learning and development strategy with our AI-powered solutions.
Originally published on https://www.peoplematters.in/article/strategic-hr/from-cost-centre-to-growth-engine-how-ai-is-redefining-learning-and-development-42140
